Comcast Will Look at Cable Purchases at 'Good Price'


Source: Bloomberg
Author: Kelly Riddell

Comcast Corp., the biggest U.S. cable-television provider, will consider buying other cable operators at a "good price," Chief Operating Officer Stephen Burke said. "If there is a way to acquire cable systems for what we consider a good price, ones that are well managed, we would certainly look at whatever is out three," Burke, 51, said today at a Bank of America Corp. conference in Marina del Rey, California. Still, the company "isn't waking up every morning" evaluating how it can become bigger, he said. Comcast won a legal victory last month, allowing it to own more than 30 percent of the national cable market. Without the ownership limit, "Comcast has greater freedom to buy cable assets if it so desires," David Kaut, a Washington- based analyst for Stifel Nicolaus & Co., said today in an e-mail. The company's first priority may be acquiring content companies, Burke said. Comcast owns the Golf Channel, E! Entertainment and Style Network among others.

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